2014: The Battle for Survival

Discussion in 'Journals' started by neke, Jan 5, 2014.

  1. Stress and depression are two very different things. I receive stress from trading but am not depressed.
     
    #271     Sep 29, 2015
  2. Pekelo

    Pekelo

    Well, I am glad the swings don't effect your health. Although I recall you mentioning earlier that it is hard to bear, so I am surprised you don't understand my inquiry...

    Back in April you said:

    But if you can sleep fine, then all is well....
     
    #272     Sep 29, 2015
    d08 likes this.


  3. See in the down market Neke is back killing it!!!!
     
    #273     Sep 29, 2015
  4. depending on which side of the P and L, swings cause both euphoria and dysphoria. i have a hard time believing that it does not effect neke in some way based on his P and L posts...if he is completely immune then i want some of what he is taking!
     
    #274     Sep 29, 2015
    blakpacman likes this.
  5. In my last post I suggested Neke to take a break before he made 100%. Did he relax for some time after having had such a great month ? If he did not in my modest opinion he has some growing up to do ( we all do ) but there is a moment when you pause and enjoy your winnings.
     
    #275     Sep 29, 2015
  6. Pekelo

    Pekelo

    Actually he has just lost 93K. Don't you pay attention? Post #266

    Now a quick calculation shows that since last November (when the swings started) he is still up 115K, so averaging 10.5K per month. That is about 3-4% monthly return based on a 250K+ account....
     
    Last edited: Sep 30, 2015
    #276     Sep 30, 2015
  7. neke

    neke

    Period Update for September (9/5/2015 - 10/2/2015) (4 weeks)

    Awful month, down 172K (36%). Hard to explain what happened. I guess live by the sword, die by the same.


    The first wave of losses was 10/11th of Sep for a total loss of 111K as I grew overconfident following last month's result, and veered into forbidden areas and strategies with leverage. Just when I thought I got that behind me, came this Monday (28th) whose 94K is already posted - recklessly overexposed on an ugly market day. The final wave is today (lost 56K) as I grew desperate to rescue something from the month - ended up with bigger losses.

    Need time to reflect - big changes definitely coming in my trading rules / system checks.

    Code:
    --------------------------------------------------------------------------------
    
    
    Opening Balance:                	474,445
    Net loss for period 		       (171,938)
    ------------------------------------------------
    Net Balance:                   		302,507
    
    
    For the Thread YTD  2015 (1/3/2015 - 10/2/2015)
    
    Opening Balance:                       256,099
    Net gain   	    	                91,408 (Up 35%)
    Cash Withdrawal			       (45,000)
    ------------------------------------------------
    Net Balance			       302,507
    ----------------------
    
    TRADES
    
    TYPE	Exit Date/Time		P/L
    
    OPTION	2015-09-08-13-47-10	-1976.5
    STOCK	2015-09-08-15-48-54	4825.5
    STOCK	2015-09-10-11-15-54	-956.7
    STOCK	2015-09-10-15-43-17	-31396.7
    OPTION	2015-09-10-15-41-38	-29628.8
    STOCK	2015-09-11-10-27-58	-9773.3
    STOCK	2015-09-11-14-01-59	4848.8
    STOCK	2015-09-11-13-05-25	-16368.1
    STOCK	2015-09-11-15-01-50	-26005.4
    STOCK	2015-09-11-15-58-55	-1910.2
    STOCK	2015-09-14-10-43-14	1639.8
    STOCK	2015-09-16-10-55-34	3041.2
    STOCK	2015-09-16-10-52-55	2482.6
    STOCK	2015-09-17-15-19-14	1985
    OPTION	2015-09-18-11-50-30	-8845.2
    OPTION	2015-09-18-09-42-08	-1950.9
    STOCK	2015-09-18-12-22-51	2571.3
    OPTION	2015-09-21-12-52-13	6297.9
    OPTION	2015-09-21-12-52-37	16559.7
    STOCK	2015-09-22-15-52-30	-1719.8
    STOCK	2015-09-22-13-59-31	11768.9
    STOCK	2015-09-22-15-51-06	-9869.3
    STOCK	2015-09-22-15-55-15	-1563.2
    STOCK	2015-09-22-15-55-16	-811.4
    STOCK	2015-09-22-15-52-01	5278.5
    STOCK	2015-09-23-12-16-34	-4907.8
    STOCK	2015-09-23-15-42-01	-10630.7
    STOCK	2015-09-23-15-42-29	-3966.9
    STOCK	2015-09-23-15-42-55	-1309.2
    STOCK	2015-09-23-15-48-44	-6638
    OPTION	2015-09-23-12-10-00	49
    OPTION	2015-09-24-14-48-38	21804.8
    STOCK	2015-09-24-14-49-50	8077.6
    OPTION	2015-09-24-14-40-18	18816
    OPTION	2015-09-24-14-24-32	14711.8
    OPTION	2015-09-25-13-49-17	22914.5
    STOCK	2015-09-25-15-49-07	-715
    STOCK	2015-09-25-15-55-13	-7851.7
    STOCK	2015-09-25-15-19-08	3199.3
    STOCK	2015-09-25-15-49-08	-774.8
    STOCK	2015-09-25-15-58-13	-7463.1
    STOCK	2015-09-28-15-44-54	1089.2
    STOCK	2015-09-28-15-45-26	-4972.6
    OPTION	2015-09-28-15-46-11	3389.8
    STOCK	2015-09-28-15-44-42	-5778.5
    STOCK	2015-09-28-15-01-04	-12541.4
    STOCK	2015-09-28-15-45-09	-9811.3
    OPTION	2015-09-28-15-48-01	-8923.6
    OPTION	2015-09-28-15-46-39	-13534.7
    OPTION	2015-09-28-15-46-58	-10178.7
    OPTION	2015-09-28-15-31-05	-26214.6
    OPTION	2015-09-28-15-48-55	-6605.1
    OPTION	2015-09-29-12-17-32	2044.8
    STOCK	2015-09-29-12-11-24	4635
    OPTION	2015-09-29-14-58-51	1342
    STOCK	2015-09-29-15-20-15	-785.4
    OPTION	2015-09-29-14-51-41	5741.8
    STOCK	2015-09-30-15-52-44	-14277.1
    STOCK	2015-09-30-15-55-19	644
    STOCK	2015-10-01-11-51-51	10674.5
    STOCK	2015-10-01-15-20-37	4359.9
    OPTION	2015-10-02-11-00-13	-25688.6
    OPTION	2015-10-02-11-17-18	-18287.9
    OPTION	2015-10-02-13-37-47	9902.9
    OPTION	2015-10-02-15-26-48	-22007
    
    
    
     
    #277     Oct 2, 2015
  8. Weekly Trades.png
    You simply have to learn to manage your sizing.



    Weekly Trades.png
     
    #278     Oct 2, 2015
  9. You definitely have some gamble in your trading. Ed Seykota says everyone gets what they want from trading. Seems like you want excitement more than maximizing account growth. And maximizing account growth happens by avoiding excess volatility in the account.

    A $100,000 account that gains 30% in a month and loses 30% the next month eventually goes towards zero. 100,000 -> 130,000 -> 91,000 -> 118,000 -> 83,000 -> 108,000 -> 76,000 -> 99,000 -> 69,000 -> 90,000 -> 63,000 ..........


     
    #279     Oct 2, 2015
    blakpacman likes this.
  10. 12db_3921.png The way to test any system is to reduce size, so that if you are wrong you don't lose a lot .. If your system works while testing then you can increase size on a weekly basis. In any case I follow a bunch of traders on Twitter and I have learnt a lot..
    Reduce Size and Cut Losses Quick.. You can still make a lot of money trading small. The screenshot below if for 1 week and it is from Swatoptions.com

    You can see from their style that they trade very small and so losses are small too and they are consistent..
     
    #280     Oct 3, 2015